The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. rose 4.1 percent in the week ended July 17, following a 5.1 percent climb in the previous week.

According to the report, refinance applications jumped 5.3 percent, while applications to purchase a home rose 1.8 percent.

Meanwhile, the average fixed 30-year mortgage rate increased to 3.20 percent from record low 3.19 percent.

Mortgage applications increased last week despite mixed results from the various rates tracked in MBA’s survey,” noted Joel Kan, an economist for the trade group. “The average 30-year fixed rate mortgage rose slightly to 3.20%, but some creditworthy borrowers are being offered rates even below 3%.”